Term Life Insurance for Mortgages - Cheaper than the Banks!

Joel Du Broy • June 13, 2023

Through this case study, we shall examine how Mark and Emily proactively safeguarded their family's future by protecting their mortgage balance with an invaluable tool: term life insurance.


Mark and Emily were responsible individuals in early thirties who acquired a cherished house recently. The couple fully comprehended the importance of securing one's most significant financial commitment under unexpected scenarios ensuring no monetary distress burdening one's loved ones especially if disaster strikes unannounced. They consulted an experienced Ajax Life Insurance advisor who assisted them in selecting an excellent viable plan as per requirements -term life creditable because it provides coverage for a predetermined span usually matching mortgage duration accentuating its relevance.


Mark and Emily chose suitable policy granted which regular payouts flowing simultaneously facilitating effortless repayment at all stages of plan duration level.even in case of any fatality, this type of policy ensures payout to beneficiaries under the terms provided in the policy. Additionally, term life insurance is a pocket-friendly option and offers flexibility to adjust coverage as per the borrower's financial aspects are unique and differs from segment to segment; it was a win-win situation for the couple. Safeguarding their mortgage balance through term life insurance provided immense relief and peace-of-mind knowing their loved ones' financial security was assured.


Mark and Emily had peace of mind pursuing long-term goals without worrying about their mortgage payments due to an impactful decision – investing in term life insurance from Ajax Life Insurance. This exemplifies why it is crucial always to act proactively in regards to safeguarding one's family's finances for significant obligations like home mortgages. Their coverage ensured flexible and affordable options that would not be a burden for loved ones should any unexpected event occur in the future. Any homeowner needs this protection for themselves too if they want assurance during uncertain times for themselves as well as those they care about.

a case study of John and Lisa

Two successful Ontario based Realtors - John and Lisa

By Joel Du Broy • June 13, 2023
Real estate agents incorporated in Ontario can leverage whole life policies through low interest loans to buy properties
investments

Case Study: The Power of Early RESP Investment for Future Education

By Joel Du Broy • June 13, 2023
Case Study: The Power of Early RESP Investment for Future Education Introduction: In this case study, we will explore the inspiring journey of the Anderson family and how their early investment in a Registered Education Savings Plan (RESP) helped secure their children's educational future. The Andersons recognized the importance of starting early and leveraging the benefits of RESP to provide their children with the best opportunities for higher education. Case Study: Let's look at the Anderson family. We have Emily and Tom, proud parents of two kids - Olivia and Michael. They know that post-secondary tuition only keeps going up in dollar figures, so they want to make sure that those price tags can get covered. Benefits of Early RESP Investment: Government Grants: The Andersons understood that by opening an RESP early, they could take advantage of the various government grants available. The Canada Education Savings Grant (CESG) provided an additional boost to their savings. With the CESG matching a percentage of their contributions, the Andersons saw their investment grow at an accelerated rate. Tax-Deferred Growth: By investing in an RESP, the Andersons enjoyed the advantage of tax-deferred growth. The earnings generated within the RESP account were not taxed until the funds were withdrawn for educational purposes. This tax advantage allowed their investment to compound over time, maximizing their savings potential. Flexibility and Accessibility: The RESP offered the Andersons flexibility in terms of investment options. Case Study: The Andersons' Journey: Tom and Emily diligently started contributing to their children's RESPs when Michael and Olivia were just toddlers. They sought professional guidance from Ajax Life Insurance to develop a customized investment plan tailored to their specific needs and aspirations.Over the years, the Andersons consistently contributed to the RESP, taking advantage of the CESG grants and maximizing their savings potential. They also benefited from the power of compounding as their investments grew steadily over time. As Michael and Olivia reached high school, the Andersons were amazed at the growth of their RESP. Conclusion: The Anderson family's case study exemplifies the significant advantages of investing early in an RESP for future education. By starting early, taking advantage of government grants, and benefiting from tax-deferred growth, the Andersons secured their children's educational aspirations. Their commitment to consistent contributions and wise investment choices ensured that Michael and Olivia would have the financial resources to pursue their chosen paths without compromising their dreams. At Ajax Life Insurance, we understand the importance of education and the long-term benefits of early investment in an RESP. Our expert advisors are ready to guide you through the process, develop a tailored investment plan, and help you secure your children's educational future. Contact us today and embark on a journey of financial preparedness for the education your children deserve.
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